Core Viewpoint - Zhejiang Tiantian Technology Co., Ltd. has announced the completion of the first lock-up period for its 2024 restricted stock incentive plan, allowing for the release of shares, but these shares will remain locked until August 23, 2025 [1][4][5]. Summary by Sections Incentive Plan Overview - The company held meetings to approve the 2024 restricted stock incentive plan and its related management measures, which were reviewed and passed by the board and supervisory committee [2][3]. - The plan includes a total of 68 incentive targets, and the names and positions of these individuals were publicly disclosed without any objections during the public notice period [2]. Conditions for Release of Shares - The first lock-up period for the restricted stock will end on May 23, 2025, with 40% of the granted shares eligible for release, contingent upon meeting specific performance criteria [5][6]. - The performance targets require a minimum revenue or net profit growth of 20% compared to 2022 figures [6]. Performance Assessment - The company will conduct annual performance assessments for the incentive targets, and only those who meet the individual performance criteria will have their shares released [7][8]. Share Structure Changes - Following the release of shares, the company's share structure will reflect an increase in the number of restricted shares held by executives, with specific details on the number of shares and their proportions provided [9]. Legal and Advisory Documentation - The company has obtained legal opinions and independent financial advisory reports regarding the conditions for the release of shares under the incentive plan [9].
天铁科技: 浙江天铁科技股份有限公司关于2024年限制性股票激励计划第一个限售期解除限售股份上市流通的提示性公告